The Role of Novelty in Idea Selection Decisions by Managers and Employees

The Role of Novelty in Idea Selection Decisions by Managers and Employees
  • Engels
  • Paperback
  • 9783656681816
  • Druk: 1
  • juli 2014
  • 68 pagina's
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Samenvatting

Master's Thesis from the year 2013 in the subject Economics - Innovation economics, grade: A, Vienna University of Economics and Business (Professional MBA of Innovation & Entrepreneurship), language: English, abstract: Selection amongst proposed innovation projects is crucial to invest and allocate resources in the most beneficiary and profitable way. In early phases of an innovation process, ideas or concepts are presented to decision-makers, who have to make investment decisions. In order to evaluate those ideas, criteria such as novelty, feasibility or user benefit have been used earlier to structure the idea evaluation process in order to substantiate idea selection and investment decisions. Previous studies in the scientific environment have found a systematic penalty for novelty during the idea evaluation process. This study investigates whether such a negative bias against novel project proposals can be confirmed in the context of an innovation team competition in the industry environment. The results, however, indicated that novelty had a positive impact on the investment decision of both the managers and the employees who evaluated the ideas. Therefore no negative novelty bias could be confirmed within the current study. The idea evaluations in terms of novelty, feasibility and user benefit were very consistent between manager and employees. Several distinct interaction effects between novelty, feasibility and user benefit were found. Furthermore, evaluators applied different evaluation patterns for different type of ideas. When favorite ideas were chosen by managers, both novelty and feasibility preferences of individual raters were observed. The study showed distinct idea evaluation patterns in the industrial setting, demonstrating that contextual conditions matter.

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Inhoud

Taal
Engels
Bindwijze
Paperback
Druk
1
Verschijningsdatum
juli 2014
Afmetingen
21,1 x 15,1 x 0,6 cm
Aantal pagina's
68 pagina's
Illustraties
Nee

Betrokkenen

Auteur
Ronja Muller-Bruhn
Uitgever
Grin Publishing

EAN

EAN
9783656681816

Overige kenmerken

Extra groot lettertype
Nee
Thema Subject Code
KC

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